Aviva PLC lowered its position in Restaurant Brands International Inc (NYSE:QSR) (TSE:QSR) by 3.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,243 shares of the restaurant operator’s stock after selling 3,699 shares during the quarter. Aviva PLC’s holdings in Restaurant Brands International were worth $6,741,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QSR. Daiwa Securities Group Inc. purchased a new position in Restaurant Brands International in the second quarter valued at about $133,000. San Francisco Sentry Investment Group CA grew its stake in Restaurant Brands International by 166.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 2,317 shares of the restaurant operator’s stock valued at $137,000 after purchasing an additional 1,446 shares in the last quarter. SG Americas Securities LLC purchased a new position in Restaurant Brands International in the second quarter valued at about $162,000. Northwestern Mutual Wealth Management Co. grew its stake in Restaurant Brands International by 56.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,722 shares of the restaurant operator’s stock valued at $225,000 after purchasing an additional 1,337 shares in the last quarter. Finally, KBC Group NV purchased a new position in Restaurant Brands International in the second quarter valued at about $265,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

A number of research analysts have commented on QSR shares. UBS Group set a $74.00 target price on Restaurant Brands International and gave the company a “buy” rating in a research note on Thursday, September 20th. Wells Fargo & Co lowered their target price on Restaurant Brands International from $63.00 to $62.00 and set a “market perform” rating on the stock in a research note on Thursday, October 25th. Zacks Investment Research upgraded Restaurant Brands International from a “sell” rating to a “hold” rating in a research note on Monday. ValuEngine downgraded Restaurant Brands International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Finally, Robert W. Baird started coverage on Restaurant Brands International in a research note on Friday, September 21st. They set an “outperform” rating for the company. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Restaurant Brands International currently has a consensus rating of “Buy” and an average target price of $69.80.

QSR opened at $57.13 on Friday. The stock has a market cap of $14.14 billion, a PE ratio of 27.20, a P/E/G ratio of 1.63 and a beta of 1.37. Restaurant Brands International Inc has a 52-week low of $52.06 and a 52-week high of $65.17. The company has a quick ratio of 1.27, a current ratio of 1.34 and a debt-to-equity ratio of 2.73.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, October 24th. The restaurant operator reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.02). The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.40 billion. Restaurant Brands International had a return on equity of 28.42% and a net margin of 12.76%. The business’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.58 EPS. On average, equities research analysts forecast that Restaurant Brands International Inc will post 2.61 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Monday, December 17th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, December 14th. This represents a $1.80 annualized dividend and a dividend yield of 3.15%. Restaurant Brands International’s dividend payout ratio (DPR) is presently 85.71%.

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Restaurant Brands International Profile

Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

Further Reading: How is Preferred Stock Different from Common Stock?

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Institutional Ownership by Quarter for Restaurant Brands International (NYSE:QSR)

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